HOME Top Market Reports Automotive Fastener Market by Characteristics (Removable, Permanent, Semi-Permanent), Products (Threaded, Non-Threaded), Material Type (Stainless Steel, Plastic, Aluminum), Application, Electric Vehicle Type, and Region - Global Forecast to 2025

Automotive Fastener Market by Characteristics (Removable, Permanent, Semi-Permanent), Products (Threaded, Non-Threaded), Material Type (Stainless Steel, Plastic, Aluminum), Application, Electric Vehicle Type, and Region - Global Forecast to 2025

By: marketsandmarkets.com
Publishing Date: June 2018
Report Code: AT 6373

 

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The automotive fastener market was valued at USD 20.04 Billion in 2017 and is projected to reach USD 25.30 Billion by 2025, at a CAGR of 2.39% during the forecast period. The base year for the report is 2017 and the forecast period is 2018 to 2025.

Objectives of the Report

  • To define, describe, and provide a detailed analysis of the overall market for automotive fasteners and determine the contribution of each segment to the total market
  • To analyze and forecast the global automotive fastener market, in terms of value (USD billion) and volume (billion units), from 2018 to 2025
  • To analyze and forecast the automobile fastener market, by volume and value, on the basis of application, product type, material type, characteristics, vehicle type, electric vehicle type, and region
  • To analyze regional markets for growth trends, prospects, and their contribution toward the overall automotive fastener market
  • To provide a detailed analysis of various factors influencing the automotive fastener market (drivers, restraints, opportunities, and challenges)
  • To analyze the opportunities offered by various segments of the market to its stakeholders
  • To profile key players and analyze their market shares and core competencies
  • To track and analyze competitive developments such as joint ventures, mergers & acquisitions, new product launches, expansion, and other industrial activities carried out by key industry participants

The research methodology used in the report involves primary and secondary sources and follows a bottom-up approach for data triangulation. The study involves the country-level and characteristics-wise analysis of automotive fastener market. This analysis involves historical trends as well as existing market penetrations by country as well as by vehicle type, product type, and material type. The analysis is projected based on various factors such as the growth trends in vehicle production and the global development trends in the fastener industry. The analysis has been discussed with and validated by primary respondents, which include experts from the core and related industries, suppliers, manufacturers, distributors, technology developers, and organizations related to various segments of this industry’s value chain. Secondary sources include associations such as China Association of Automobile Manufacturers (CAAM), International Organization of Motor Vehicle Manufacturers (OICA), European Automobile Manufacturers Association (ACEA), Society of Indian Automotive Manufacturers (SIAM), and paid databases and directories such as D&B Hoovers, Bloomberg, and Factiva.

The figure below illustrates the break-up of the profiles of industry experts who participated in the primary discussions.

Automotive Fastener Market

To know about the assumptions considered for the study, download the pdf brochure

The ecosystem of the automotive fastener consists of established fasteners manufacturers such as Bulten AB (Sweden), KAMAX (Germany), Sundram Fasteners (India), Stanley Black & Decker (US), Shanghai Prime Machinery Company (China), SFS Group (Switzerland) and Lisi Group (France). It also comprises a few other players such as Meidoh Co. (Japan), Nipman Fasteners (India), Piolax (US), Westfield Fasteners (UK), Fontana Gruppo (Italy), Bollhoff (Germany), Nedshroef (Netherlands), Nifco Group (Japan), Boltun Corporation (Taiwan), Chanshu City Standard Parts (China), Wurth Group (Germany), and Simmonds Marshall (India).

Target Audience

  • Manufacturers of automotive fasteners
  • Automotive OEMs
  • Electric vehicle manufacturers
  • Industry associations and experts
  • Traders, distributors, and suppliers of automotive fasteners

Scope of the Report

  • Automotive Fastener Market, By Product
    • Threaded
    • Non-Threaded
  • Automotive Fastener Market, By Application
    • Engine
    • Chassis
    • Transmission
    • Steering
    • Front/rear axle
    • Interior trim
    • Others
  • Automotive Fastener Market, By Characteristics
    • Removable Fasteners
    • Permanent Fasteners
    • Semi-Permanent Fasteners
  • Automotive Fastener Market, By Material Type
    • Stainless Steel
    • Iron
    • Bronze
    • Nickel
    • Aluminum
    • Brass
    • Plastic
  • Automotive Fastener Market, By Vehicle Type
    • Passenger Car (PC)
    • Light Commercial Vehicle (LCV)
    • Heavy Commercial Vehicle (HCV)
  • Automotive Fastener Market, By Electric Vehicle Type
    • Battery Electric Vehicle (BEV)
    • Hybrid Electric Vehicle (HEV)
    • Plug-in Hybrid Electric Vehicle (PHEV)
  • Automotive Fastener Market, By Region
    • Asia Pacific
    • Europe
    • North America
    • Rest of World

Available Customizations

Along with the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

  • Geographic Analysis: Further breakdown of the Rest of Asia Pacific, Rest of North America, Rest of Europe, and Rest of World automotive fastener markets
  • Company Information: Detailed analysis and profiles of additional market players (up to three companies)

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Package Size
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
    2.2 Secondary Data
           2.2.1 Key Secondary Sources
           2.2.2 Key Data From Secondary Sources
    2.3 Primary Data
           2.3.1 Sampling Techniques & Data Collection Methods
           2.3.2 Primary Participants
    2.4 Market Estimation
           2.4.1 Bottom-Up Approach
    2.5 Data Triangulation
    2.6 Assumptions

3 Executive Summary (Page No. - 27)

4 Premium Insights (Page No. - 32)
    4.1 Attractive Opportunities in the Automotive Fastener Market
    4.2 Automotive Fastener Market, By Region
    4.3 Automotive Fastener Market, By Product
    4.4 Automotive Fastener Market, By Characteristics
    4.5 Automotive Fastener Market, By Material
    4.6 Automotive Fastener Market, By Application
    4.7 Automotive Fastener Market, By Vehicle Type
    4.8 Automotive Fastener Market, By Electric Vehicle Type

5 Market Overview (Page No. - 37)
    5.1 Market Dynamics
           5.1.1 Drivers
                    5.1.1.1 Significant Growth in the Global Automotive Industry
                    5.1.1.2 New Developments and Trends in Automotive Fasteners
           5.1.2 Restraints
                    5.1.2.1 Emergence of Alternatives for Automotive Fasteners
           5.1.3 Opportunities
                    5.1.3.1 Government Mandates Related to Safety Features & Increasing Use of Electronics in Vehicle
                    5.1.3.2 Significant Developments in Powertrain Innovations
                    5.1.3.3 Growth in the Number of Semi-Autonomous Cars
                    5.1.3.4 Growth in the Electric Vehicle Industry
           5.1.4 Challenges
                    5.1.4.1 Development of New Fasteners to Achieve Automotive Weight Reduction
                    5.1.4.2 Intensive Competition in the Coming Years to Cater to the Electric Vehicle Market

6 Automotive Fastener Market, By Product (Page No. - 42)
    6.1 Introduction
    6.2 Threaded Fastener
    6.3 Non-Threaded Fastener

7 Automotive Fastener Market, By Characteristics (Page No. - 47)
    7.1 Introduction
    7.2 Removable Fastener
    7.3 Permanent Fastener
    7.4 Semi-Permanent Fasteners

8 Automotive Fastener Market, By Application (Page No. - 53)
    8.1 Introduction
    8.2 Engine
    8.3 Chassis
    8.4 Interior Trim
    8.5 Front/Rear Axle
    8.6 Steering
    8.7 Transmission
    8.8 Other

9 Automotive Fastener Market, By Material Type (Page No. - 63)
    9.1 Introduction
    9.2 Stainless Steel
    9.3 Plastic
    9.4 Aluminum
    9.5 Iron
    9.6 Bronze
    9.7 Brass
    9.8 Nickel

10 Automotive Fastener Market, By Vehicle Type (Page No. - 73)
     10.1 Introduction
     10.2 Passenger Car
     10.3 LCV
     10.4 HCV

11 Automotive Fastener Market, By Electric Vehicle Type (Page No. - 80)
     11.1 Introduction
     11.2 BEV
     11.3 HEV
     11.4 PHEV

12 Automotive Fastener Market, By Region (Page No. - 86)
     12.1 Introduction
     12.2 Asia Pacific
             12.2.1 China
             12.2.2 Japan
             12.2.3 India
             12.2.4 South Korea
     12.3 Europe
             12.3.1 Germany
             12.3.2 France
             12.3.3 Spain
             12.3.4 UK
             12.3.5 Italy
     12.4 North America
             12.4.1 United States
             12.4.2 Mexico
             12.4.3 Canada
     12.5 Rest of the World
             12.5.1 Brazil
             12.5.2 Russia

13 Competitive Landscape (Page No. - 117)
     13.1 Overview
     13.2 Automotive Fastener Market: Market Ranking Analysis
     13.3 Competitive Scenario
             13.3.1 Contracts & Agreements
             13.3.2 New Product Developments
             13.3.3 Expansions
             13.3.4 Mergers & Acquisitions

14 Company Profiles (Page No. - 122)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
     14.1 Sundram Fasteners Limited
     14.2 ITW
     14.3 LISI Group
     14.4 Shanghai Prime Machinery Company Limited
     14.5 Bulten Ab
     14.6 Stanley Black & Decker
     14.7 SFS Group AG
     14.8 Kamax
     14.9 Meidoh Co. Ltd.
     14.10 Nipman Fasteners
     14.11 Wόrth Group
     14.12 Piolax
     14.13 Westfield Fasteners Limited
     14.14 Changshu City Standard Parts Factory
     14.15 Fontana Gruppo
     14.16 Simmonds Marshall Limited
     14.17 Sterling Tools Limited
     14.18 Bollhoff
     14.19 Nedschroef
     14.20 Nifco Group
     14.21 Boltun Corporation

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

15 Appendix (Page No. - 146)
     15.1 Discussion Guide
     15.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     15.3 Related Reports
     15.4 Author Details


List of Tables (106 Tables)

Table 1 Average American Dollar Exchange Rate (Per 1 USD)
Table 2 Automotive Fastener Market, By Product, 2016–2025 (USD Billion)
Table 3 Automotive Fastener Market, By Product, 2016–2025 (Billion Units)
Table 4 Threaded Fastener Market, By Region, 2016–2025 (USD Billion)
Table 5 Threaded Fastener Market, By Region, 2016–2025 (Billion Units)
Table 6 Non-Threaded Fastener Market, By Region, 2016–2025 (USD Billion)
Table 7 Non-Threaded Fastener Market, By Region, 2016–2025 (Billion Units)
Table 8 Automotive Fastener Market, By Characteristics, 2016–2025 (USD Billion)
Table 9 Automotive Fastener Market, By Characteristics, 2016–2025 (Billion Units)
Table 10 Removable Fastener Market, By Region, 2016–2025 (USD Billion)
Table 11 Removable Fastener Market, By Region, 2016–2025 (Billion Units)
Table 12 Permanent Fastener Market, By Region, 2016–2025 (USD Billion)
Table 13 Permanent Fastener Market, By Region, 2016–2025 (Billion Units)
Table 14 Semi-Permanent Fastener Market, By Region, 2016–2025 (USD Billion)
Table 15 Semi-Permanent Fastener Market, By Region, 2016-2025 (Billion Units)
Table 16 Automotive Fastener Market, By Application, 2016–2025 (USD Billion)
Table 17 Automotive Fastener Market, By Application, 2016–2025 (Billion Units)
Table 18 Engine: Automotive Fastener Market, By Region, 2016–2025 (USD Billion)
Table 19 Engine: Automotive Fastener Market, By Region, 2016–2025 (Billion Units)
Table 20 Chassis: Automotive Fastener Market, By Region, 2016–2025 (USD Billion)
Table 21 Chassis: Automotive Fastener Market, By Region, 2016–2025 (Billion Units)
Table 22 Interior Trim: Automotive Fastener Market, By Region, 2016–2025 (USD Billion)
Table 23 Interior Trim: Automotive Fastener Market, By Region, 2016–2025 (Billion Units)
Table 24 Front/Rear Axle: Automotive Fastener Market, By Region, 2016–2025 (USD Billion)
Table 25 Front/Rear Axle: Automotive Fastener Market, By Region, 2016–2025 (Million Units)
Table 26 Steering: Automotive Fastener Market, By Region, 2016–2025 (USD Billion)
Table 27 Steering: Automotive Fastener Market, By Region, 2016–2025 (Billion Units)
Table 28 Transmission: Automotive Fastener Market, By Region, 2016–2025 (USD Billion)
Table 29 Transmission: Automotive Fastener Market, By Region, 2016–2025 (Billion Units)
Table 30 Other: Automotive Fastener Market, By Region, 2016–2025 (USD Billion)
Table 31 Other: Automotive Fastener Market, By Region, 2016–2025 (Billion Units)
Table 32 Automotive Fastener Market, By Material, 2016–2025 (USD Billion)
Table 33 Automotive Fastener Market, By Material, 2016–2025 (Billion Units)
Table 34 Stainless Steel Fastener Market, By Region, 2016–2025 (USD Billion)
Table 35 Stainless Steel Fastener Market, By Region, 2016–2025 (Billion Units)
Table 36 Plastic Fastener Market, By Region, 2016–2025 (USD Billion)
Table 37 Plastic Fastener Market, By Region, 2016–2025 (Billion Units)
Table 38 Aluminum Fastener Market, By Region, 2016–2025 (USD Billion)
Table 39 Aluminum Fastener Market, By Region, 2016–2025 (Billion Units)
Table 40 Iron Fastener Market, By Region, 2016–2025 (USD Billion)
Table 41 Iron Fastener Market, By Region, 2016–2025 (Billion Units)
Table 42 Bronze Fastener Market, By Region, 2016–2025 (USD Billion)
Table 43 Bronze Fastener Market, By Region, 2016–2025 (Billion Units)
Table 44 Brass Fastener Market, By Region, 2016–2025 (USD Billion)
Table 45 Brass Fastener Market, By Region, 2016–2025 (Billion Units)
Table 46 Nickel Fastener Market, By Region, 2016–2025 (USD Billion)
Table 47 Nickel Fastener Market, By Region, 2016–2025 (Billion Units)
Table 48 Automotive Fastener Market, By Vehicle Type, 2016–2025 (Billion Units)
Table 49 Automotive Fastener Market, By Vehicle Type, 2016–2025 (USD Billion)
Table 50 Passenger Car: Automotive Fastener Market, By Region, 2016–2025 (Billion Units)
Table 51 Passenger Car: Automotve Fastener Market, By Region, 2016–2025 (USD Billion)
Table 52 LCV: Automotive Fastener Market, By Region, 2016–2025 (Billion Units)
Table 53 LCV: Automotive Fastener Market, By Region, 2016–2025 (USD Million)
Table 54 HCV: Automotive Fastener Market, By Region, 2016–2025 (Billion Units)
Table 55 HCV: Automotive Fastener Market, By Region, 2016–2025 (USD Billion)
Table 56 Automotive Fastener Market, By Electric Vehicle Type, 2016–2025 (Million Units)
Table 57 Automotive Fastener Market, By Electric Vehicle Type, 2016–2025 (USD Million)
Table 58 BEV: Automotive Fastener Market, By Region, 2016–2025 (Million Units)
Table 59 BEV: Automotive Fastener Market, By Region, 2016–2025 (USD Million)
Table 60 HEV: Automotive Fastener Market, By Region, 2016–2025 (Million Units)
Table 61 HEV: Automotive Fastener Market, By Region, 2016–2025 (USD Million)
Table 62 PHEV: Automotive Fastener Market, By Region, 2016–2025 (Million Units)
Table 63 PHEV: Automotive Fastener Market, By Region, 2016–2025 (USD Million)
Table 64 Automotive Fastener Market, By Region, 2016–2025 (Billion Units)
Table 65 Automotive Fastener Market, By Region, 2016–2025 (USD Billion)
Table 66 Asia Pacific: Automotive Fastener Market, By Country, 2016–2025 (Billion Units)
Table 67 Asia Pacific: Automotive Fastener Market, By Country, 2016–2025 (USD Billion)
Table 68 China: Automotive Fastener Market, By Material Type, 2016–2025 (Billion Units)
Table 69 China: Automotive Fastener Market, By Material Type, 2016-2025 (USD Billion)
Table 70 Japan: Automotive Fastener Market, By Material Type, 2016–2025 (Billion Units)
Table 71 Japan: Automotive Fastener Market, By Material Type, 2016–2025 (USD Billion)
Table 72 India: Automotive Fastener Market, By Material Type, 2016–2025 (Billion Units)
Table 73 India: Automotive Fastener Market, By Material Type, 2016–2025 (USD Billion)
Table 74 South Korea: Automotive Fastener Market, By Material Type, 2016–2025 (Billion Units)
Table 75 South Korea: Automotive Fastener Market, By Material Type, 2016–2025 (USD Billion)
Table 76 Europe: Automotive Fastener Market, By Country, 2016–2025 (Billion Units)
Table 77 Europe: Automotive Fastener Market, By Country, 2016–2025 (USD Billion)
Table 78 Germany: Automotive Fastener Market, By Material Type, 2016–2025 (Billion Units)
Table 79 Germany: Automotive Fastener Market, By Material Type, 2016–2025 (USD Billion)
Table 80 France: Automotive Fastener Market, By Material Type, 2016–2025 (Billion Units)
Table 81 France: Automotive Fastener Market, By Material Type, 2016–2025 (USD Billion)
Table 82 Spain: Automotive Fastener Market, By Material Type, 2016–2025 (Billion Units)
Table 83 Spain: Automotive Fastener Market, By Material Type, 2016–2025 (USD Billion)
Table 84 UK: Automotive Fastener Market, By Material Type, 2016–2025 (Billion Units)
Table 85 UK: Automotive Fastener Market, By Material Type, 2016–2025 (USD Billion)
Table 86 Italy: Automotive Fastener Market, By Material Type, 2016–2025 (Billion Units)
Table 87 Italy: Automotive Fastener Market, By Material Type, 2016–2025 (USD Billion)
Table 88 North America: Automotive Fastener Market, By Country, 2016–2025 (Billion Units)
Table 89 North America: Automotive Fastener Market, By Country, 2016–2025 (USD Billion)
Table 90 United States: Automotive Fastener Market, By Material Type, 2016–2025 (Billion Units)
Table 91 United States: Automotive Fastener Market, By Material Type, 2016–2025 (USD Billion)
Table 92 Mexico: Automotive Fastener Market, By Material Type, 2016–2025 (Billion Units)
Table 93 Mexico: Automotive Fastener Market, By Material Type, 2016–2025 (USD Billion)
Table 94 Canada: Automotive Fastener Market, By Material Type, 2016–2025 (Billion Units)
Table 95 Canada: Automotive Fastener Market, By Material Type, 2016–2025 (USD Billion)
Table 96 Rest of the World: Automotive Fastener Market, By Country, 2016–2025 (Billion Units)
Table 97 Rest of the World: Automotive Fastener Market, By Country, 2016–2025 (USD Billion)
Table 98 Brazil: Automotive Fastener Market, By Material Type, 2016–2025 (Billion Units)
Table 99 Brazil: Automotive Fastener Market, By Material Type, 2016–2025 (USD Billion)
Table 100 Russia: Automotive Fastener Market, By Material Type, 2016–2025 (Billion Units)
Table 101 Russia: Automotive Fastener Market, By Material Type, 2016–2025 (USD Billion)
Table 102 Automotive Fastener Market: Market Ranking Analysis, 2016
Table 103 Contracts & Agreements, 2015–2018
Table 104 New Product Developments, 2015–2018
Table 105 Expansions, 2015–2018
Table 106 Mergers & Acquisitions, 2015–2018


List of Figures (45 Figures)

Figure 1 Automotive Fastener Market: Segmentations Covered
Figure 2 Automotive Fastener Market: Research Design
Figure 3 Research Design Model
Figure 4 Breakdown of Primary Interviews:
Figure 5 Bottom-Up Approach
Figure 6 Automotive Fastener Market, By Region, 2018 vs 2025 (USD Billion)
Figure 7 Automotive Fastener Market, By Product, 2018 vs 2025 (USD Billion)
Figure 8 Automotive Fastener Market, By Characteristics, 2018 vs 2025 (USD Billion)
Figure 9 Automotive Fastener Market, By Material, 2018 vs 2025 (USD Billion)
Figure 10 Automotive Fastener Market, By Application, 2018 vs 2025 (USD Billion)
Figure 11 Automotive Fastener Market, By Vehicle Type, 2018 vs 2025 (USD Billion)
Figure 12 Growth of the Asia Pacific Automotive Industry is Expected to Drive the Fastener Market Between 2018 and 2025
Figure 13 Asia Pacific is Estimated to Lead the Automotive Fastener Market, 2018 (USD Billion)
Figure 14 Threaded Fastener is Estimated to Lead the Automotive Fastener Market, 2018 & 2025 (USD Billion)
Figure 15 Removable is Estimated to Lead the Automotive Fastener Market, 2018 & 2025 (USD Billion)
Figure 16 Stainless Steel is Estimated to Lead the Automotive Fastener Market, By Material, 2018 & 2025 (USD Billion)
Figure 17 Interior Trim Segment is Estimated to Lead the Automotive Fastener Market, By Application, 2018 & 2025 (USD Billion)
Figure 18 Passenger Car Segment is Estimated to Lead the Automotive Fastener Market, 2018 & 2025 (USD Billion)
Figure 19 HEV Segment is Estimated to Lead the Automotive Fastener Market, 2018 & 2025 (USD Million)
Figure 20 Automotive Fastener Market: Market Dynamics
Figure 21 Electric Vehicle Sales, 2010–2016
Figure 22 Automotive Fastener Market, By Product, 2018 vs 2025 (USD Billion)
Figure 23 Automotive Fastener Market, By Characteristics, 2018 vs 2025 (USD Billion)
Figure 24 Automotive Fastener Market, By Application, 2018 vs 2025 (USD Billion)
Figure 25 Automotive Fastener Market, By Material, 2018 vs 2025 (USD Million)
Figure 26 Automotive Fastener Market, By Vehicle Type, 2018 vs 2025 (USD Billion)
Figure 27 Automotive Fastener Market, By Electric Vehicle Type,
Figure 28 Automotive Fastener Market, Countrywise Growth
Figure 29 Asia Pacific: Automotive Fastener Market Snapshot
Figure 30 Asia Pacific: Automotive Fastener Market, By Country, 2018 vs 2025 (USD Billion)
Figure 31 Europe: Automotive Fastener Market Snapshot
Figure 32 Europe: Automotive Fastener Market, By Country, 2018 vs 2025 (USD Billion)
Figure 33 North America: Automotive Fastener Market Snapshot
Figure 34 North America: Automotive Fastener Market, By Country, 2018 vs 2025 (USD Billion)
Figure 35 Rest of the World: Automotive Fastener Market, By Country, 2018 vs 2025 (USD Billion)
Figure 36 Companies Adopted Expansion as the Key Growth Strategy, 2015–2018
Figure 37 Sundram Fasteners Limited: Company Snapshot
Figure 38 ITW: Company Snapshot
Figure 39 LISI Group: Company Snapshot
Figure 40 Shanghai Prime Machinery Company Limited: Company Snapshot
Figure 41 Bulten Ab: Company Snapshot
Figure 42 Stanley Black & Decker: Company Snapshot
Figure 43 SFS Group AG: Company Snapshot
Figure 44 Kamax: Company Snapshot
Figure 45 Meidoh Co.Ltd: Company Snapshot

The global automotive fastener market is projected to grow from an estimated USD 21.45 Billion in 2018 to USD 25.30 Billion by 2025, at a CAGR of 2.39% from 2018 to 2025. The market is anticipated to grow owing to various reasons such as the growing vehicle production, shifting focus toward lightweight vehicles, and the increasing use of electronics in vehicles. Moreover, manufacturers are also shifting from standard fasteners to customized fasteners, and this new development will also drive the automotive fastener market.

The interior trim segment is estimated to be the fastest-growing segment of the automotive fastener market, by application, in terms of value. Automobile manufacturers are now focusing on using lightweight fasteners in the major application areas to reduce the weight of the vehicle. The automakers’ focus is high on the interior trims where the application of plastic and aluminum fasteners is increasing to achieve weight reduction, which will drive the requirement of fasteners.

The passenger car segment is estimated to be the largest segment in the automotive fastener market, by vehicle type. Increasing demand for lightweight fasteners, government mandates for fuel economy and emission reduction, and increase in per capita income are the factors fueling the demand for passenger cars in developing countries such as China and India. The production of passenger cars has shown steep growth in developing countries. Developed countries in Europe and North America have a high demand for SUVs and premium cars, which will further boost the demand for the passenger car segment. Also, the demand for premium vehicles in India and China has also witnessed an upward market trend in the last few years. These factors have boosted the global demand for the automotive fastener market for passenger car segment.

Automotive Fastener Market

Asia Pacific is estimated to be the largest market for automotive fasteners during the forecast period owing to their large production and sales of vehicles. The government regulations for lightweight vehicles have led to advancements in technology for manufacturing lightweight and durable products in the region. Also, manufacturers are shifting from standard parts to customized parts, which will drive the demand for customized fasteners in the Asia Pacific region.

The major players in the automotive fastener market are Bulten AB (Sweden), KAMAX (Germany), Sundram Fasteners (India), Stanley Black & Decker (US), Shanghai Prime Machinery Company (China), SFS Group (Switzerland) and Lisi Group (France). These companies collectively account for a major share of the automotive fastener market.

ITW, Lisi, and Bulten AB are the current dominant players in the automotive fastener market. The extensive competition in the automotive industry has made these companies primarily focusing on upgrading the existing systems and processes. These players have adopted various strategies to diversify their presence globally and increase their market shares. The companies should focus on introducing more innovative products, mainly in lightweight fasteners as the demand for lightweight vehicle is increasing.

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